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as this president's-- as this president tells us we don't have a deficit problem. >> greta: i don't get in. the pr, look, he's not going to sit down every night and do the budget himself, he outsources to his staff, but you've got the house and the senate had the same hurdles he did, whether it's a continuing resolution or sequestration, the same problems and they've now gotten their two budgets in and you think that he would crack the whip on his own staff and say, get this in so we can move forward. >> i have to tell you, greta, when i was the mayor of new york i did my budget. i spent hours, stayed up until, 3, 4, 5 in the morning at times going through the budget because i believed that i understand it as the chief executive. i had to understand the budget because the only way you really can make an impact on government is by understanding the budget. and for this president to be in office for five years, not be able to get a budget done on time, really tells us that he has no interest in our economy, he has no real interest in straightening out our budget problems. i don't know what his prior
deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll cohost a summit on education today and a student town hall tomorrow. those numbers are frightening and daunting. >> they really are startling numbers. i've got my notebook with me because i'm going to school today, chris. it has a lot of people worried and concerned and working to change the dynamics of those numbers. that's what we'll be talking about here. many people are also concerned about the fact, the elephant in the room we can't dismiss that come monday the city of detroit will be under the auspices of an emergency financial manager. people should also know for the past four years detroit schools have been under emergency management and in
, this is all washington talks abou about, which is deficits and budgets. and you could argue that, in terms of the goalposts, we're arguing in and around the rand paul budget or paul ryan budget. and there was very little news of the house caucus budget. which should be the flag around which democrats rally, given the stream opposition. >> the progressive caucus budget is the most responsible budget that's been presented. i think even more than patty murray's budget. the senate democratic budget. but you're right. it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's by conservatives who somehow buy the idea that government is going to crush us if we don't drastically cut now. i don't think they want to kus as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to really crash his 2016 hopes. but to get back to 2014, you know, it's going to be up to obama, particularly, to lead the charge. he'
what that means. neil: i think it's a deficit. >> no, it's 17 times our debt. pretty close there. neil: i was talking to charlie rangel earlier on this issue, and he more or less tried to make fun of the notion of imujts themselves, whether they are on time or late, regardless, you know, no one really sticks to them, and actually in truth, he's right about that, but he duds make a mockery of the process, not only when you propose budgets late, and other presidents who have done this before. he's developed into an art form, obviously, but when you don't stick to them in the thing, and you blow them away by spending far more than is allocated in them. what do you think of this in >> well, i think submitting a budget's important besides the fact it's required by law because it's the blueprint for where we go forward fiscally, and you have to abide by the law. what congress is doing between the ryan budget and murray budget, we're going nowhere fast, and essentially, the question is is president obama going to put forth a budget, stick his neck out, modernize entitlements? guess what, if n
in deficit reduction. there's plenty of room to cut more. and plenty of room to raise revenue and that's part of any big package. >> you heard senator corker, lay ought, if they give this, we'll give this as well. entitlements is what he's saying on the democratic side. what would you be open to? >> i'd be open to reducing costs in medicare. i think the affordable care act made a good down payment that way in reducing payments to medicare advantage plans. we can reduce overpayments to pharmaceuticals. and we can put costs by focusing on making sure the services are deliverable rather than paying for the number of services. there are ways to bring down costs without attacking the benefits under medicare. social security, a little more difficult. i think many of us would support raising the lid at which payroll taxes are paid into the system. that would help preserve social security for another generation. so there are changes democrats have been willing to embrace to reduce costs to raise revenues to support those programs. but we need a willing partner on the other side. and in the house we d
that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i guess i got to show i'm being cooperative, so he has dinner a couple of times. it is not. getting. >> charles? >> and has not even produced a budget, which by law was due last month. he says it will be out the week of august 8 bid what the senate democrats have done, and these they have produced a budget, first
of the problem, we need to be in this deficit, secondly, the assumption that there won't be any cost of doing business increases, it costs around 20%. years of double digit health care costs, no raises, the city keeps paying lip service to this issue you tell us we're important, let's do something about it in good faith, let's have the conversation and not shut the door. >> any members of the public who wish to comment on item number 1? okay, seeing none, public comment is closed. colleagues, at this point, i would like to make a motion to continue this item to the call of the chair. >> second. >> okay, second, we can do that without opposition. so moved. >> mr. clerk, can you please call item number 2. >> item number 2 is a hearing of city's reserve and set aside policy for fiscal year 2013-2014 and fiscal year 2014-2015. >> thank you, mr. clerk, the colleagues called for this hearing to try to get a sense of what we're facing in this upcoming budget cycle, i thought this would be a good topic to move forward and we have monique from the controller's office. >> mon naoek moody, deputy contro
about deficit reduction that it is a misplaced focus, that the real priority should be on job creation. but it seems that too many people in congress who just think the most important thing is to cut cut cut. so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back
in deficit this project has will be greater than $164.5 million. >> no. we are trying to keep it at this amount and so we had a recovery line item of $55 million that is why we are going to be talking if we can't get that number down we are rebidding in smaller package and that will be the recommendation. and again, it is a policy call on how much we want to have in reserves and contingencies. you can make the policy call to drop that number down, we are just rolling the dice as the director reiskin is attest to you. >> we will be coming back to the board on march 25th with a recommendation of what to do further with the steel bid after the team has had a chance to look at the bid more closely. >> we have only 7 minutes left at this point, before we lose quorum because two more of our members need to leave. so, i am not... we are not going to make it through the presentation, and so, i don't
million deficit we had to renegotiate our contract and peenings for the first time and pension that happens an issue in california were part of the state system and still not ready for the shake-out on the development and so, i'll like to think it's -- [inaudible/incomprehensible] level and i think that what it gibbs you time do is to start working on some of these dreams and really give development opportunities and that is what it's like despite the evidence -- the general fund and in our economic outlet team and that we -- [inaudible] and working and -- of that and i know -- and i worked on chinese investments because we are looking at capital investment and is for the amazing growth that the bay area faces. >> yeah i talked to somebody the other day that was familiar with the san francisco budget situation and i remember looking at projections in the future and it was lower so, it seems that happy days are here for san francisco what does this give you the freedom do >>> well first of all, i would not use those phrases, but i'll say that it reflects some of the smart
with the financial deficit. the gun buyback was so successful they want to do it again. >> new york mayor bloomberg has a plan to snuff out the lure an 10 clear county is planning a second gun buyback after a highly successful buy back netted 1,100 firearms. the buy back will be held saturday at the airport on cunningham avenue. the county is using left over money from an early event to pay for this. authorities will pay $100 for each handgun, shotgun, and rifle and $200 for assault weapons. no questions asked. >> today the sonoma board of supervisors will take action to protect the pedestrians and bicyclists. a proposed ordinance being adopted makes it easier to cyclists and pedestrians to sue drivers who intention amendment threaten or harass them. this is pushed by bicycling advocates after crashes that have injured or kills signing lists and pedestrians. it works both ways. the ordinance gives the same rights to drivers threatened by psyche lifteds. >> the california high-speed rail authority is issuing $8.5 million in bonds for the system, part of it sold before construction. this clears the w
, the average 8.35. that now puts us in a deficit for the calendar year at 6.88. so one of the driest calendar years on record in the bay area. let's get you outside to the live sky network. many of you will get less in san jose, a few raindrops will help the allergies and air quality. foster city, you can see pointed toward the coastline some of those shower cells we tracked offshore. that will eventually move in for you. and in san francisco we've had a little bit of drizzle off and on at the immediate coastline. eventually, yes, we'll get that rainfall here as well. let's get a look at tpattern. this area of low circulation is out in the pacific, associated cold front. the main thing driving all of this moisture right now is this subtropical push of moisture. this would normally produce 1 to 3 inches of rainfall, but it's lacking some of the upper level dynamics we mentioned yesterday so, yes, we're going to have a decent round of some rain, but it's not going to be the strongest storm of 2013. throughout the night, we'll get showers we tracked offshore moving across the bay area. by 11:00
. it never balances. never comes close to balancing. it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning,
hours, it has not done in san jose. right now 1.63 for 2012. that's a deficit of 6.72. one of the drier calendar years. we have blue sky here not in san jose. a low cloud deck there. right off to the north here what you're going to find is there's your blue sky. a few breaks of sunshine here across the bay including fremont and then up to emoryville. what you'll notice is some of that drizzle i noted that is showing up here in san jose. also a gorgeous shot. what we have happening is a subtropical moisture and the cold front over the past 24 hours is now pushing to the south. you can see all that cloud cover moving into southern california. that's shaping up just in time for your weekend. so we're going to see more of a milder trend building in as we head throughout friday, saturday, and sunday's forecast. slightly drying winds as well. that we do think will produce some 70s in the forecast. we're not going to see that at the coastline though. 50s and 60s. little bit breezy for thursday. friday and saturday, 70s are expected to return. what we are noting here for tonight is by 11:00, a
overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>> president obama, by the way, he filled out his ncaa brackets. and he predicted that number one louisville will make it to final four. he also chose ohio state, florida and indiana to win it all. >>> nfl chicago bears could not agree on a new contract for eight time pro bowl linebacker brian urlacher so he becomes a free agent after 13 years. and ed reed left the super bowl champ baltimore ravens after 11 seasons and signed with the houston texans. >>> tiger woods says he and lindsay vonn went public about their relationship so the paparazzi couldn't make as much money from pictures they took of the couple. >> it's real simple. we're ha
meetings. he was asked about concerns that it may be scene as fiscal deficits. he denied that saying buying government bonds from the market is one of the central bank's monetary measures. >>> japanese business leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj will work closely with the government and take bold monetary easing steps to bring deflation to an end as soon as possible. >> translator: we have high expectations for the boj under kurodo's leadership. kurodo and his deputies have abundant experience both at home and abroad. they will make a great team to guide the economy. >>> we spoke to bill devinny. >> kuroda was actually quite clear that he wants to expand asset purchases, he wants to buy longer dated bonds and also to increase the scale of asset purchases. and we think he is going to be quite aggressive in pursuing these additional measures. we ex
with the funding amounts that are requested we run into a deficit at the 2nd street project. if we work on the other funding sources for masonic, for example, the revenue bonds and cost reduction at a helps us get a little bit more towards the second street project but we also have to address the segment ability and the projects to be able to provide to the man sell project. that's what we are working on now. >> i want to reiterate a promise you made a few months ago that we intend to come to see you to fund all of those projects. the response has been very cooperative. the prop k update will help us a lot and a huge help is the masonic, the shear size of it is so big. the mta is aware of the size of it and hope we can find more funding. i hope we can spread the love around to receive the needed equity. >> great. i will hold you to that >> i did have a question. my understanding is that there is 2 million in transit planning funds that the mtc as granted to our planning department and wondering if we can request handout you the planning department is going to prioritize that? >> sure. t
however that we run at that deficit but the overall policy decision was this was a good thing to support and move forward and hence here we are. >> i would augment a couple of things. we felt that the gap in funding for us it's a relatively small investment to add an important recreation amenity. we lack skate board parks in the city and within our purview and something for us to absorb and the way that the funding mechanism is going to work with dpw funding the maintenance and in our accounts and i was informed there is an escalator that helps and interest on the lump sum and help close the gape a bit. i don't know if all the way but it will help so it turns out that the last amendment to change the way the funding is actually structured may result in more interest funds for us to help close the maintenance gap. >> commissioner bonilla. >> yes. i noticed that in this mou it does memorize the $66,000 operating expenses, but it doesn't memorialize the monies that rec and park will be responsible for. shouldn't that happen as part of this mou? >> for give me commissioner i don't follow
that trying dollars deficit can quickly spin out of control because interest rates growth and people don't want to borrow going to get. if interest rates go up, the united states is even worse here the deficit will go up even more. what is already in the current situation will spin out of control very easily like we've seen happen in greece and other countries. that want to talk about the impact of obama's views on the. another area where people are educated. it can make a difference just like educating people with regards to the deficits were facing and that deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and 20 other times and it's pretty much th
budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know tt until recentl president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they appear to be on the same page on iran. >> diplomacy and sanctions have not stopped iran's nuclear programs. diplomacy and sanctions must be augmented by a clear and credible threat of military action. >> we will do what is necessary to prevent iran from getting the world's worst weapons. >> will this story have a happy ending? >> this story will not have a happy ending. what we saw this week was barack obama at his best, connecting with an audience, and he made a compelling case for the need for a two-state solution, the security of israel and the well- being of the region. >> charles? >> the emphasis has been on personality. what happened
. >> men's tournament, ohio state and iowa state. cyclones overcame a 13-point second half deficit. lucious ties the game. under 2:00 left. cyclones up one. similar play. clyburn makes the basket. call a foul. questionable call. now it's tied. buckeye aaron craft, for three, .02 remaining on the clock. are you kidding me? ohio state on to the sweet 16 to face arizona, 78-75 your final. >> number one indiana and temple. the only owl to show up. 31 of his team's 52. temple led by three until will sheehey ties. temple looked to regain the lead, but denied. 18 seconds left. indiana up one. oladipo ices it from downtown and the hoosiers move on, 58-52. >> cactus league action, as and dodgers. a's have six players vying for two infield spots, short and second base. former stanford stars make something noise, making it tough on bob melvin's final decision for starting infield. a future a right here. the afor mentioned stanford star, jed loughery, trying for one of this spats. griffin aloud two runs, struck out eight. a's explode with five in the third, capped off by a two-run bomb from norris, his
. the cyclones overcame a second half deficit. under 2:00 left. cyclones up one. will clyburn, drives and makes the bucket but they call an offensive foul. questionable call. iowa state cannot believe it. so instead of a four-point lead, game tied at 75. buckeye asia craft, -- aaron craft. two seconds remaining and he makes it. ohio state on to the sweet 16 for a school record fourth straight year. facing arizona. 78-75 the final. >> indiana and temple. yot the only howl to show up. despite the one-man show, temple led by three until will sheehey ties with his own three. anthony lee, denied by walker. 18 seconds left. unanimous up one. oladipo. ices it from downtown. the hoosiers move on, 58-52. >> to the nba. warriors a day off. so no update on steph curry's sprained right ankle. the miami heat looking for their 26th straight win. hosting charlotte without dwayne wade. he hays a sore knee. james, 210 consecutive games in double digits. 32 points, ten assists, miami wins their 26th in a row without breaking a sweat. 109-77. >> cactus league. giants beat the angels 5-4, and the a's hosting the d
not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like cling the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people wh's really in it. >> talk about why this didn't kick in. we had to wait until it got voted back in. they wrote this so that once he's in all the crabby stuff comes out. stuff we're two years in nobody has a clue what a state exchange is, nobody knows what is going to happen to medicare. good luck trying to find a doctor or nurse in the next couple years. they waited until the guy got back independent office and bam. >> you buy the number sally threw out that 80% of the people are okay with this
, is that right? >> the sun could disappear and the rain fall deficit if we get the much-needed rain tomorrow and wednesday. our deficit is 3.5" to.5" in santa rosa. rain would be nice and so would the sierra snow. we will get some out of the system. today we are off to a cooler start. temperatures are in the upper 30's to mid-40's so dress accordingly and it is cooler this morning. headed toward noon, up to 60 inland with high clouds rolling law and by 4:00 we will call it partly sunny and 50's at the coast and mid-to-upper 50's for the rest of us and low 60's holding on, inland. tomorrow, the better part of the day it will be dry with light rain breaking out later in the afternoon in the early evening hours and overnight we have our best chance of rain through wednesday morning and lingering showers wednesday afternoon and breezy and brighter. you will notice the warming trend by thursday. sue? >> happy monday, everyone, we will go to the bay bridge with just a couple of stars -- cars stacked up and no metering lights and slowing on the upper deck moving into san francisco. in pleasanten we
's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for saying that because i respect them both a
. i think you have a knowledge deficit that you did not have the last time around. these three guys are gone, and the question is, does that mean the brakes have come off the train? now it is more of a runaway car? you say no, lapid is there. people who may not have the same experience, but maybe our counterpoints to some of the other forces. what is unclear to me yet is to what extent that for rum -- forum, how central is that going to be? what will that knowledge and deficit of experience mean? he definitely sees that his goal is that israel be a normal country than the middle class has a better quality of life, it sounds familiar to people here. the road to that is dealing with the palestinian issue. everything has to work this out. i don't know what that means. and it gave an interview and was quoted, when the reporter asked him about iran, he said, i have no clue. this is a guy on the inner sanctum of israel. he says, i have no clue. i just wonder how this constellation is going to configure itself. i would hope that a lot of time, the foreign diplomats, whether it is in europ
will be in spring. we have a dry deficit for the year, near 6.5" in santa rosa, and 5.5" deficit in san francisco and oakland and 3.5" in livermore. today we just have spotty sprinkles, mostly cloudy this morning with temperatures in the up if per 40's near 50 and hanging in the 50's at the coast and low-to-mid 60's at noon with thicker clouds and the sprinkles develop in the afternoon and become more organized in the form of light rain during the evening hours but it will be very, very light. temperatures will be mild as the wins come from the south and southwest and near 60 in the evening away from the coast. tomorrow, we will have rain in the morning and it will be spotty in the afternoon and mid-50's at the coast and low-to-mid 60's for the rest of us and 70's in the forecast with breezy and increasing sunshine and thursday the 70's inland but we will be close to 70's around the bay by friday, also. sue? >> good morning, mike, hello everyone, we have good looking commute if you travel san jose, northbound, 87, beyond the h.p. pavilion the off-ramp, we are here and traffic is very, very light.
taxes. i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do they even put it on the tickets they were threatening to stall the whole thing? that would be the first time in the history of the easter egg roll that it would have been cancelled for politics. the only other time it's been cancelled, it's for war. it's a stunning thing but all too justify this administration's temper tantrum over wanting to have a complete free rein to spend as much as they want. >> neil: eggs actually. they don't know. i'm done. i'm done. thank you very much. this will be our lead issue tonight. why this guy who did this dance is really wigging out right now. david w
. it is balanced in terms of making sure we move to responsibly managing our debt and deficit, getting our deficit down to less than 3% of the gdp, as every economist in the bowls simps simpson, all the gang of six have focused us on doing, but also make sure we make that investments to keep our middle class strong. >> the point of our budget is to make sure that we show that we have a ten-year plan, if we can put it into place, we will get our economy moving again, we will begin to manage our debt, and we will quit doing this management by crisis where every time we turn around, the republicans say they'll shut the government down if we don't cut more. we need to have a responsible plan. that is what i'm putting forward. it's what the democrats are supporting today, and i'm very proud of it. i think this shows the american people with can manage our country wisely. >>> before you go to the floor, i wanted to quickly ask about the assault weapon ban. harry reid has decided not to put it in the gun legislation. dianne feinstein is angry, deeply disappointed, still wants a shot at it. what do you th
the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could rage and rage easily if the fed stayed easy, which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it was an economic calamity that was totally avoidable if the people in power made different, smarter choices. especially the federal reserve. ben bernanke does not want history to repeat itself. he's not going down the path of what the fed did in 1937. he's not stupid. even though that's exactly the path unfortunately that the president and congress are taking. bernanke recognizes that obama and congress have repeated the errors of 1937 down to a tee. he can't let the fed's part in the drama be repeated. otherwise he'd go down as the fed chief who never got the economy going and put it back in a recession, a
, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are now saying they want none of those things and also not going to get the tax rates and keep the sequester and not have a deal. i've asked a lot of them to walk me through the reasoning here and honestly never come to an answer i understand a little bit. >> does that mean they're post policy. even some things that seem like constants don't actually a matter them, it's pure politics, just positioning themselves vis-a-vis the president and not interested in a particular outcome for the country? >> i would like to have an answer where that isn't true. i really would. i've been trying to find it. i'm sure part is i'm not smart enough to do so or found the right people to have spoken to them. it's hard to come up with one. we can go
, second seed ohio state and 10th seed iowa state. the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of defense. right to the hoop and late in the game and tied at 52. one hand and jam. it is easy for the illini. down one and a minute left and larkin with the step back three. got it. miami to the sweet 16. they will face market. 63-59 the final. don't see a 12 and 13-seed very often. 6 seconds left and tied at 74. garland banks it in and la salle up 2. ole miss inbounds the ball and from half court for the win and no way. la salle moving on to the sweet 16 for the first time since 1955. 76-74 the final. we will take a brief timeout before we check in on th
dollar deficits, no growth, which is true, and we keep having these states with higher taxes and destroying output, it could happen here. it terrifies me. >> what would trigger it would be sharply higher interest rates when people -- in order to buy our debt. not talking about just a few points here but dramatically higher interest rates where it's impossible for us to pay our entire debt load. then becomes a point where we reach financial collapse. >> neil: when people don't trust their financial institution. but when it's your bank bank, your passbook savings account, that is called into question, that galvanizes. then what? >> here's the thing, neil. that almost happened in the past and i think hank paulsen and bernanke and the leadership -- recappallizing the banks was the way to go. in these countries, the banking system is the government. they're so intertwined. we're not there but we're getting there. and remember, once the government -- once they're questions about the sovereign -- sanctity of the dollar, everything falls because our banking system is aligned with our
class. at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the president the opportunity to bring people together and get some sort of grand bargain by throwing things less liked under the bus. >> there is not going to be a grand bargain. the right wing controls the republican part
is not in there. too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets here are a little lower, not all that much, though, given what we've had in headline risk this morning. dow jones industrial is down 38 points and s&p is off about 9. bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the governing b
, taxes, spending and deficits. and the notion that they're going to somehow come together, there's really no, no, i guess, carrot for them to go after here. >> and then they go home for two weeks. >> sure. >> and the question is are they going to hear anything from their constituents that's going to move anybody. i don't know. >> i think that they're not. and the best chance that they had to potentially hear about it was with the potential for a government shutdown, which has now been averted. so again, back to this new pace rhine of these big debates over real issues that are kind of going nowhere. and a new baseline that incidentally it's interesting because their stopgap spending bill that was passed yesterday did mark something of a breakthrough in that the appropriators in the house and the senate, the bipartisan leaderships thereof were able to come together and come up with a spending plan that keeps the government solvent and keeps it operating. and so i think that now we are going to see the appropriators get, you know, being able to get together hopefully and work out these, you
resources, and almost overnight america's energy resource picture flipped from deficit to surplus. in the past five years we've become stronger as a nation through the developed of these god-given resources. as a result we are more competitive. from low income to the high tax brackets, everyone is benefiting. the future's bright but only if we educate the half truths and begin telling the real story of america's natural gas revolution. the stories about technology, private sector innovation, investment, financial risk, thousands of new jobs, new competition, new growth, a growing and better standard of living for more americans, lower energy costs, new industries, a revitalized energy sector, more jobs, more growth, energy security and optimism. this is the story of america's natural gas revolution. i yield back. the speaker pro tempore: the entleman's time has expired. for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, t
, immigration and guns and what to do about the deficit. >> don't forget two other prominent spokes people, the president and vice president. they care a lot about it and have been quiet of late. i expect to see a big push between of two of them before the vote. >> the lack of courage in the united states is asstountounast. >> it's amazing. >> no one is coming to take your gun. no one is coming to take your gun. >> it's amazing. it's amazing. when you look at the fact that we are talking about a simple thing like background checks. people are dying every day. a baby killed in -- >> in pennsylvania. >> in brunswick, georgia. we are arguing about background checks is almost ununbelievable. surreal. >> background checks have 90% of support among the american people last check. >>> senator bob casey of pennsylvania will join us on the set coming up and leigh gallagher and representative rick mulvaney will weigh in. our good friend michael hainey will have a preview of the "gq" magazine. bill karins, what is up? >> schoolhouse are cancelled around baltimore and washington, d.c. a lot of delays.
? and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for cancer? that's a hell of a lot more important than balancing the freakin' budget. that's the first thing wrong with this ryan budget. the second thing is that the ryan budget destroys medicare. still does. we talked about it this is the same damn budget that they passed two years ago, that they passed last year. it would shut down medicare for anybody who is not already in it, cut benefits for those who are, but shut down medicare for anybody who is not in it and replace it with a voucher. a voucher that would not even come close to buying you health care from a private insuran
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